The death sentence for real estate tycoon Truong My Lan has been upheld in Vietnam’s largest fraud case, the scale of which had raised concerns about the country’s economy.
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Her lawyers argued that she had repaid the money but the court disagreed since there were legal issues with some of the seized properties and prosecuting agencies couldn't assess their value, VN Express reported. “Moreover, if she repays at least three-quarters of the misappropriated funds, the court may consider commuting her sentence to life imprisonment,” he said.that intensified after 2022. The Blazing Furnace campaign touched the highest echelons of Vietnamese politics. But the scale of her fraud shocked the nation with analysts raising questions about whether other banks or businesses had similarly erred.
These loans, according to state media, found their way to her and she bribed officials to cover her tracks.
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